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/product/detail/index/isin/CH0316290656
31629065ABXZUU
Barrick Gold3.86%41.94% p.a.23.02.2017USD16.3516.45
/product/detail/index/isin/CH0318783732
31878373ROGZTU
Roche2.27%28.91% p.a.17.02.2017CHF227.00228.20
/product/detail/index/isin/CH0319354665
31935466SANZUU
Sanofi8.75%2.92% p.a.24.04.2017EUR67.9069.00
/product/detail/index/isin/CH0322302784
32230278BVATAU
VAT Group AG40.67%--13.04.2017CHF56.0056.30
/product/detail/index/isin/CH0322304905
32230490 
VAT Group AG47.05%--18.04.2017CHF50.0050.25
/product/detail/index/isin/CH0322305365
32230536ABXGHU
Barrick Gold2.69%11.04% p.a.18.04.2017USD16.4516.65
/product/detail/index/isin/CH0323569316
32356931PHARZU
Kering33.29%--03.07.2017EUR151.20152.70
/product/detail/index/isin/CH0323569696
32356969PHARUU
Swiss Re10.60%7.10% p.a.30.06.2017CHF82.2582.65
/product/detail/index/isin/CH0326714331
32671433DPWZZU
Deutsche Post15.91%0.00% p.a.01.06.2017EUR26.0526.50
/product/detail/index/isin/CH0330072817
33007281SAPZDU
SAP SE18.85%--28.06.2017EUR66.6068.00
/product/detail/index/isin/CH0330569879
33056987ABXSDU
Barrick Gold0.64%1.42% p.a.30.06.2017USD16.8017.00
/product/detail/index/isin/CH0331844958
33184495SLHZUU
Swiss Life24.66%0.20% p.a.13.09.2017CHF221.30222.40
/product/detail/index/isin/CH0331849056
33184905VACZIU
VAT Group AG36.56%--13.07.2017CHF59.9060.20
/product/detail/index/isin/CH0332417481
33241748CLNZZU
Clariant12.77%5.73% p.a.17.07.2017CHF15.9516.05
/product/detail/index/isin/CH0347068188
34706818GLENCU
Glencore15.19%20.81% p.a.27.11.2017GBP2.642.70
/product/detail/index/isin/CH0347700525
34770052 
Anheuser-Busch InBev10.21%10.47% p.a.05.12.2017EUR88.6188.67
/product/detail/index/isin/CH0347701317
34770131DPWBEU
Deutsche Post15.91%4.94% p.a.06.03.2018EUR26.3526.50
/product/detail/index/isin/CH0348479947
34847994BGALBU
Galenica4.28%6.95% p.a.08.09.2017CHF104.60105.00
/product/detail/index/isin/CH0348479954
34847995BCSGBU
Credit Suisse10.61%18.77% p.a.08.09.2017CHF13.8513.90
/product/detail/index/isin/CH0348483931
34848393VODBEU
Vodafone Group9.73%11.84% p.a.13.12.2017GBP1.791.86
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Discount certificate (UBS BLOC)

A UBS BLOC (Buy Low Or Cash), also known as a discount certificate, enables investors with a moderate-to-high risk tolerance to obtain a price reduction when purchasing a selected underlying asset (e.g. index, equity, currency pair or precious metal). The more favorable entry results in a return benefit so that attractive returns are possible even in a sideways moving market.

Participating in price increases is limited: as soon as the price of the underlying asset trades at or above the cap level at maturity, the UBS BLOC will yield the anticipated return. The price reduction granted at the beginning results in investors benefiting from a safety buffer. Buyers of a UBS BLOC are almost always in a better position when the prices of the underlying asset fall than direct investors are, as they usually suffer fewer losses in terms of percentage.

However, the reduction in price is not full protection at maturity. If the underlying asset trades below the purchase price paid for the certificate there will be a loss in the capital invested. If the underlying asset closes below the cap level at maturity, the repayment is linked directly to the price of the underlying asset. The investor is then either paid the value of the underlying asset or the cash value of the underlying asset adjusted by the subscription ratio. In addition, the issuer risk must be taken into consideration, since the invested capital could be lost if UBS AG becomes insolvent, irrespective of the performance of the underlying asset.

A more detailed product description is available in our brochure "Knowledge in a nutshell".